TMC (TMC) Powers EVs with Sustainable Metal Supply

327
TMC the metals company Inc. (TMC) is focused on deep-sea mining, aiming to supply critical metals like nickel, cobalt, copper, and manganese needed for electric vehicle batteries and renewable energy storage. By harvesting polymetallic nodules from the ocean floor, TMC offers a lower environmental footprint compared to traditional mining. The company’s growth is driven by rising global demand for EVs, clean energy, and the growing need for sustainable sources of battery metals.

On the chart, we see a confirmation bar with rising volume, showing strong buying pressure. The price has entered the momentum zone by breaking above the .236 Fibonacci level. Traders can use the Fibonacci snap tool to set a trailing stop just below the .236 level to lock in profits while allowing for more upside potential.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.